Copper price repeats the pressure on the barrier – Analysis – 19-6-2020
Economies.com
2020-06-19 08:22AM UTC
Copper price formed new positive wave yesterday to press on 2.6200 barrier that represents 50% Fibonacci correction level, while the upcoming scenario depends on the strength of this barrier to expect declining below 2.5300 towards 2.4530.
On the other hand, succeeding to breach the barrier will push the price back to the correctional bullish track to keep attempting to record the positive targets around 2.7100 and 2.8080.
The expected trading range for today is between 2.6200 and 2.4530
The expected trend for today: Bearish
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